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Maritime Resources Corp. (TSXV: MAE) (‘Maritime’ or the ‘Company’) is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (‘Paradigm’) as lead agent and sole bookrunner, for and on behalf of a syndicate of agents (collectively, the ‘Agents’), in connection with a proposed best efforts private placement offering (the ‘Offering’) of up to 8,850,000 common shares in the capital of Maritime (the ‘Offered Securities’) to be issued at $1.13 per Offered Security (the ‘Issue Price’) for gross proceeds of up to $10,000,500.

The Company will also grant the Agents an option (the ‘Agents’ Option‘) to sell up to an additional 1,327,500 Offered Securities at the Issue Price for additional gross proceeds of up to $1,500,075, exercisable in whole or in part by the Agents at any time 48 hours prior to the Closing Date (as defined herein).

The Agents will be paid by the Company on closing of the Offering a cash commission equal to 6% of the gross proceeds of the Offering, including on any exercise of the Agents’ Option, other than in respect of sales of up to $500,000 to certain directors and officers of the Company or their related entities (the ‘President’s List‘) for which the Company shall pay a commission equal to 3%.

The Agents will also receive on the Closing Date compensation options (the ‘Compensation Options‘) entitling the Agents to acquire that number of common shares equal to 6% of the number of Offered Securities issued pursuant to the Offering, including on any exercise of the Agents’ Option, at an exercise price of $1.13, exercisable for a period of 24 months following the Closing Date, other than in respect of sales to the President’s List for which the Agents shall be entitled to that number of common shares equal to 3% of the number of Offered Securities issued to investors on the President’s List.

The net proceeds from the Offering shall be used for exploration and development at the Company’s mineral projects in Newfoundland and Labrador, repaying the balance of the Company’s US$5,000,000 aggregate principal amount of senior secured notes, and general working capital purposes.

The Offering will be conducted in all provinces and territories of Canada pursuant to private placement exemptions, in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), and in such other jurisdictions as are agreed to by the Company and the Agents. The Offering is expected to close on or about July 17, 2025 (the ‘Closing Date‘) and will be subject to regulatory approvals and customary closing conditions, including the listing of the Offered Securities on the TSX Venture Exchange (‘TSXV‘). All securities issued pursuant to the Offering will have a hold period of four months and one day.

The Offered Securities have not been, and will not be, registered under the U.S. Securities Act, or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Offered Securities in the United States, nor may there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Maritime Resources Corp.

Maritime (TSXV: MAE) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold project. Maritime controls over 439 km2 of exploration land including the Green Bay, Whisker Valley, Gull Ridge and Point Rousse projects. Mineral processing assets owned by Maritime in the Baie Verte mining district include the Pine Cove mill and the Nugget Pond gold circuit.

On Behalf of the Board:

Maritime Resources CORP.
Garett Macdonald, MBA, P.Eng.
President and CEO
Phone: (416) 365-5321
info@maritimegold.com
www.maritimeresourcescorp.com

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Caution Regarding Forward Looking Statements:

Certain of the statements made and information contained herein is ‘forward-looking information’ within the meaning of National Instrument 51-102 – Continuous Disclosure Obligations of the Canadian Securities Administrators. These statements and information are based on facts currently available to the Company and there is no assurance that actual results will meet management’s expectations. Forward-looking statements and information may also be identified by such terms as ‘anticipates’, ‘believes’, ‘targets’, ‘estimates’, ‘plans’, ‘expects’, ‘may’, ‘will’, ‘could’ or ‘would’. While the Company considers its assumptions to be reasonable as of the date hereof, forward-looking statements and information are not guarantees of future performance and readers should not place undue importance on such statements as actual events and results may differ materially from those described herein. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking statements in this news release include without limitation, statements with respect to the ultimate size of the Offering, the Company meeting all conditions for a timely closing of the Offering, including obtaining all required approvals, the proposed use of proceeds of the Offering, and the proposed closing date of the Offering, among others. All forward-looking information contained in this press release is given as of the date hereof, and is based on the opinions and estimates of management and information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257021

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(TheNewswire)

VANCOUVER, BC TheNewswire – June 27, 2025 Element79 Gold Corp. (CSE: ELEM | FSE: 7YS0 | OTC: ELMGF) (‘ Element79 Gold ‘, the ‘ Company ‘) today announced that it has provided a notice of force majeure (‘ Notice ‘) to Condor Resources Inc. (‘ Condor ‘) to temporarily suspend payment obligations under the Lucero Project Agreement entered into between Calipuy Resources Inc. (‘ Calipuy ‘), a wholly owned subsidiary of the Company, and Condor on December 21, 2020 (the ‘ Lucero Agreement ‘).

The Company has faced significant difficulties in advancing the Lucero Project since the acquisition of Calipuy on June 19, 2022. As a result of conflicts with the local community, significant delays of relevant governmental authorities to act on necessary legislation and policies, and municipal inaction preventing the enforcement of mineral claims, Element79 has been unable to access the Lucero Project and perform exploration or commercial mining operations (‘ Force Majeure Event ‘). As such, the Company provided the Notice to Condor today to suspend payment obligations until the sooner of the end of the Force Majeure Event or twenty-four (24) months from the date of the Notice. At this time, the Company is uncertain as to when the Force Majeure Event will cease.

Element79 remains committed to advancing the Lucero Project and developing the Lucero Project into a commercially viable mining operation. The Company is currently in the process of pursuing alternatives to push the Project forward and work collaboratively with stakeholders to end the Force Majeure Event. The Company will continue to update stakeholders as the situation develops, as and when appropriate.

About Element79 Gold Corp.

Element79 Gold Corp. is a mining company focused on the exploration and development of high-grade gold and silver assets. Its principal asset is the past-producing Lucero Project in Arequipa, Peru, where it aims to resume operations through both conventional mining and tailings reprocessing. In the United States, the Company holds interests in multiple projects along Nevada’s Battle Mountain Trend.  Additionally, Element79 Gold has completed the transfer of its Dale Property in Ontario to its wholly owned subsidiary, Synergy Metals Corp., and is progressing through the Plan of Arrangement spin-out process.

For more information about the Company, please visit www.element79.gold

For Further Information, Please Contact:

James C. Tworek

Chief Executive Officer

E-mail: jt@element79gold.com

Investor Relations Department

Phone: +1 (403.850.8050

E-mail: investors@element79gold.com

Cautionary Note Regarding Forward Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words ‘anticipate,’ ‘plan,’ ‘continue,’ ‘expect,’ ‘estimate,’ ‘objective,’ ‘may,’ ‘will,’ ‘project,’ ‘should,’ ‘predict,’ ‘potential’ and similar expressions are intended to identify forward-looking statements. In particular, this press release contains forward-looking statements concerning the Company’s exploration plans, development plans and the Force Majeure Event. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on these statements because the Company cannot provide assurance that they will prove correct. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially from those anticipated. Factors that could cause actual results to differ include conditions in the duration of the Force Majeure Event, and receipt of regulatory and shareholder approvals. These forward-looking statements are made as of the date of this press release, and, except as required by law, the Company disclaims any intent or obligation to update publicly any forward-looking statements.

Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

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Here’s a quick recap of the crypto landscape for Wednesday (June 25) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) is priced at US$107,736, an increase of two percent in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,027 and a high of US$108,116.

Bitcoin price performance, June 23, 2025.

Chart via TradingView.

Ethereum (ETH) closed at US$2,432.58, trading flat over the past 24 hours. Its lowest valuation on Wednesday was US$2,403.59, and its highest valuation was US$2,441.16 at the opening bell.

Altcoin price update

  • Solana (SOL) was priced at US$144.38, down 0.6 percent over 24 hours. Its highest valuation on Wednesday was US$147.61, and its lowest was US$143.28.
  • XRP was trading for US$2.20 as markets wrapped, down by 0.3 percent in 24 hours. The cryptocurrency’s highest valuation was US$2.23, and its lowest price on Wednesday was US$2.18.
  • Sui (SUI) is trading at US$2.76, showing an increaseof 0.1 percent over the past 24 hours. Its lowest valuation was US$2.73, and its highest valuation was US$2.84.
  • Cardano (ADA) is priced at US$0.5709, down by 1.9 percent in 24 hours. Its highest valuation on Wednesday was US$0.5838, and its lowest was US$0.5678.

Today’s crypto news to know

Trump Media’s Bitcoin-Ethereum ETF gains NYSE support

The New York Stock Exchange (NYSE) has formally submitted a rule change to the US Securities and Exchange Commission (SEC) to allow the listing of the Truth Social Bitcoin and Ethereum ETF.

The dual-asset exchange-traded fund (ETF), which is backed by Donald Trump’s media company, would be held in a 3:1 BTC to ETH ratio, is to be custodied and executed by Crypto.com. The rule change was filed under the SEC’s 19b-4 process, signaling the NYSE’s commitment to fast-track the listing pending regulatory review.

This development follows Trump Media’s previously announced plan to raise US$2.4 billion for its own bitcoin treasury.

Although that fund remains inactive, the ETF proposal is part of a larger suite of politically branded crypto products in the pipeline. So far, only the Truth Social ETF filings have been formally submitted to the SEC.

Bitcoin hashrate drops amid Iran attacks and heatwave

Bitcoin’s hashrate has dropped 15 percent since June 15, and some in the community point to the attack on Iran as a primary reason, although the exact cause hasn’t been confirmed.

“Hashrate dropped right after Israel’s initial strike on Iran. It’s not talked about often but Iran has been mining for many years now (over 5 years).. its likely that Israel hit part of Iran’s power grid and disrupted some of their mining operation,” an X user known as daniel wrote on Sunday (June 22).

“Can’t say whether disrupting (their) mining was part of their plan or simply a secondary effect of the strike, but I think it’s likely this is what caused the drop in hashrate.”

However, only 3 percent of the hashrate decrease precisely coincided with events related to attacks on Iran.

According to TechCrunch, the Iranian government imposed a near-total internet blackout on as a precaution against potential cyberattacks, which coincided with a 2.2 percent decline in global hashrate from Thursday (June 19).

The US strike on Iran’s nuclear facility then led to power grid outages in the country, coinciding with a one percent decrease in global hash rates from Saturday (June 21) to Sunday (June 22).

The hashrate had already fallen by over 6.25 percent between June 15 and June 19, before the internet blackout and the US bombing. The current heatwave covering the Eastern coast of the US and Canada could be another contributing factor, as elevated temperatures can lower the efficiency of high-performing technology.

Coinbase surpasses all-time high

Coinbase Global (NASDAQ:COIN) surpassed its all-time high on Wednesday, reaching US$369.25, more than three percent above its previous record of US$357.39 recorded on November 9, 2021.

The move marks a strong resurgence from its year-to-date low of US$151.47, recorded in April.

Coinbase’s stock price has grown by 38 percent since the start of the year and 134 percent from its closing price on April 8 following the imposition of additional tariffs on China by the US, an event that triggered broader market anxieties and impacted several tech-related equities.

Norwegian deep-sea miner commits to US$1.2 billion Bitcoin strategy

Green Minerals, a deep-sea mining firm listed in Oslo, has kicked off its US$1.2 billion Bitcoin treasury plan with an initial purchase of four BTC, spending roughly US$420,000. The company said it aims to hedge against fiat currency risk and inflation while building a tech-forward balance sheet. Executive Chair Ståle Rodahl called Bitcoin “non-inflationary” and “decentralized,” framing the strategy as a long-term financial hedge.

The move places Green Minerals among 245+ companies holding over US$88 billion in BTC globally. However, the market did not immediately reward the announcement — shares dropped nearly 20 percent before stabilizing.

To increase transparency, the firm plans to report BTC-per-share data for investors going forward.

Metaplanet raises US$515 million in single-day stock exercise

Japan’s Metaplanet raised ¥74.9 billion (about US$515 million) in one day by exercising stock acquisition rights under its aggressive bitcoin treasury plan. The firm issued 54 million new shares, representing 29 percent of its current outstanding rights, as part of the so-called “555 Million Plan.”

While Metaplanet stock initially plunged 15 percent, it recovered and closed 4 percent higher after the announcement. CEO Simon Gerovich called it a “strategic milestone,” reaffirming the firm’s dedication to bitcoin-backed value creation.

Separately, France-based Blockchain Group also raised US$4.8 million via an equity issuance agreement with TOBAM. The two companies continue to expand their BTC-per-share holdings, with Blockchain Group now holding 1,653 BTC in Europe.

EU set to ignore ECB’s stablecoin warning, push ahead with new rules

The European Commission is preparing to introduce new stablecoin regulations despite repeated warnings from the European Central Bank (ECB). According to the Financial Times, the upcoming guidance would treat foreign-issued stablecoins as functionally equivalent to their EU counterparts.

The ECB has warned that this could disrupt monetary stability by encouraging deposit flight from banks into crypto.

ECB President Christine Lagarde recently urged lawmakers to fast-track the digital euro, arguing it would safeguard financial autonomy from US-dominated stablecoins.

Despite these concerns, Commission sources say the risk of a stablecoin run is minimal, and any redemptions would mostly occur in the US where reserves are held.

The new rules are expected to be unveiled within days.

South Korean banks collaborate on won-backed stablecoin

According to Econovill, a South Korean media outlet that focuses on economic and financial news, eight major South Korean banks are working together to introduce a won-pegged stablecoin

Expected to launch in late 2025 or early 2026, the project is backed by the Open Blockchain nonprofit, the Decentralized Identity Association and the Korea Financial Telecommunications and Clearings Institute and is considered a significant pioneering step for traditional banks entering the digital asset space.

The announcement follows a report published in Yonhap News on Tuesday (June 24), which cited Bank of Korea Deputy Governor Ryoo Sang-dai’s suggestions that regulated banks be the main issuers of stablecoins.

He also advised beginning with won-denominated stablecoins before expanding into other areas. According to the report, this approach aims to create a safety net for the financial system.

Reuters reported that during a press conference in Seoul earlier this month, Governor Sang-dai expressed concerns about a won-pegged stablecoin, despite not opposing it. He noted that such a stablecoin could unintentionally facilitate the exchange of won for USD. Sang-dai added that this trend could negatively impact South Korea’s currency and hinder the central bank’s monetary management strategies.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Bumble shares rallied more than 26% on Wednesday after the dating app company revealed in a securities filing that it intends to slash 30% of its workforce, or about 240 roles.

The layoffs will result in $13 million to $18 million in charges for the company hitting in the third and fourth quarters of this year. Management estimates that the reductions will help the company save $40 million annually.

A Bumble spokesperson said in a statement to CNBC that the layoffs were “not made lightly.”

“Our focus now is on moving forward in a way that strengthens our core business, continues to serve our members effectively, and positions us for future growth,” they wrote.

Bumble said the cuts are part of a reconfiguration of its “operating structure to optimize execution on its strategic priorities.” The company plans to invest savings into new product and technology development.

Shares of the dating app company have plunged since their debut on the public markets in 2021. Its market value has plummeted from $7.7 billion to about $538 million as of Tuesday’s close.

Founder Whitney Wolfe Herd, who stepped down as CEO at the beginning of 2024, returned to the role earlier this year.

Along with the job cuts, Bumble updated its previously announced forecast for the current quarter.

The company now expects revenue to range between $244 million and $249 million, and adjusted earnings before interest, taxes, depreciation and amortization between $88 million and $93 million.

That’s up from the $235 million to $243 million in revenue and $79 million to $84 million in adjusted EBITDA forecast with Bumble’s first-quarter results last month.

This post appeared first on NBC NEWS

The Tennis Channel is extending its deal with the Women’s Tennis Association that will see the cable TV network and streaming service continue to broadcast more than 2,000 matches each season.

While terms of the deal weren’t disclosed, Tennis Channel CEO Jeff Blackburn told CNBC in an interview there was a “pretty big step up in our payments” to the WTA for the U.S. media rights, which includes international tournaments and the WTA Finals event. The new agreement lasts through 2032.

“Our goal and mission is to just cover pro tennis and the game of tennis like no one else, every day, every hour, all year round. There’s no offseason,” Blackburn said. “WTA plays a huge role in that and it was a big priority for me to make sure that we renewed our relationship and extend it as long term as we were able.”

The exclusive rights renewal comes as the Tennis Channel is in the midst of a transition on several fronts.

Last year, longtime Tennis Channel CEO Ken Solomon was ousted from the company. Blackburn stepped into the role in early May, following a 24-year career at Amazon, where he helped to build out Prime Video and expand the streaming service into sports, among other businesses.

Meanwhile, Sinclair, the owner of broadcast stations as well as the Tennis Channel, had recently considered offloading the network, CNBC previously reported. The parent company, however, is no longer exploring a sale of the Tennis Channel, particularly since Blackburn has taken the helm, according to a person familiar with the matter who spoke on the condition of anonymity to discuss nonpublic details.

In the backdrop, the Tennis Channel, like its network peers, is contending with the continued loss of customers from the pay-TV bundle. While live sports garner the biggest audiences — and leagues have reaped huge rights payouts as a result — media companies are focused on growing the profitability of their streaming businesses.

In 2014 the 24/7 tennis network took its first step into streaming with Tennis Channel Plus, and later in 2022 introduced Tennis Channel 2, a free, ad-supported streaming channel. While Blackburn said Tennis Channel 2 has been successful and attracted a younger audience, he is focused on beefing up the Tennis Channel’s recently launched direct-to-consumer streaming app.

The app, which launched in November 2024, costs $9.99 a month or $109.99 annually and offers the same programming as the pay-TV network. Media companies are increasingly offering the same live sports featured on pay-TV networks on their counterpart streaming alternatives — most notably with the launch of Disney’s flagship ESPN app later this year.

“What’s important about the partnership is that they’re committing to doing more with us,” said Marina Storti, CEO of WTA Ventures, the commercial arm of the WTA. “They’re committed to that increased exposure across all of their platforms. They’re committed to ensuring this kind of equal exposure for women and men, where they have the rights. And they’re making a significant commitment. There is a substantial increase in the rights fees, which is a big milestone for us as part of our plan and commitment to growing.”

The Tennis Channel’s agreement with the WTA covers a large swath of the WTA’s tournaments outside of North America through the season-closing WTA Finals.

The audience for WTA events on the Tennis Channel has been growing, particularly among the younger demographic. Viewership among 18- to 34-year-olds on the Tennis Channel has grown annually for each of the past two years, according to a news release.

The deal comes as American female tennis players have shot to the top of global rankings and women’s sports in general have seen a rise in popularity and investment funding.

Already in 2025, two American women have won two of the top majors: Madison Keys took the Australian Open in January, and Coco Gauff was crowned the winner of the French Open in June. Gauff and Keys will be among the participants at Wimbledon, which kicks off on Monday.

“Tennis is really the only major sport where the men’s and women’s game is on equal footing, and that’s really important,” said Blackburn. “I think for tennis it makes it unique. The growth of women’s sports overall? Maybe basketball and soccer will get there, but I think tennis is way ahead in terms of providing that for the fan.”

The Tennis Channel 2 free streaming option has earmarked every Tuesday as “Women’s Day” — showing only women’s match coverage — and Blackburn highlighted the network’s roster of heavy-hitting female talent, including former players and Hall of Famers Martina Navratilova and Lindsay Davenport, among others.

The deal extension also builds on WTA Ventures’ recent efforts to grow its commercial revenue and build the profiles of its athletes.

In 2023 the WTA formed a strategic partnership with private equity firm CVC Capital Partners, which invested $150 million for a 20% stake in the newly created WTA Ventures. The entity was formed to focus on growing commercial revenue through sponsorships and media rights deals, with the goal of tripling its revenue by 2029.

In 2024 WTA Ventures said it expected to increase revenue by 24% in its first full year.

The media rights extension marks the first renegotiation with the Tennis Channel under the WTA Ventures framework. The WTA’s long-standing media rights deal with streaming service DAZN expires at the end of next year, and talks have begun for new deals that would begin in 2027, said Storti.

WTA Ventures said its global audience surpassed 1 billion viewers on broadcast and streaming last season, and Storti said the U.S. is among one of the WTA’s biggest growth markets, along with China and Poland.

“We are a completely mass-market product that attracts hundreds of millions of fans across the world, and I would say we deliver a product that stands kind of shoulder to shoulder with the men counterpart,” Storti said.

The WTA has also recently emphasized improvements for players.

This year it’s has announced a paid maternity leave funded by the Saudi Public Investment Fund, as well as a new policy allowing players to protect their rankings during fertility treatments

Still, tennis is not without its issues of disparity. While the U.S. Open awarded equal prize money to men and women beginning in 1973, it was decades ahead of Wimbledon and other majors. And while equal prize money is given at the majors level, there’s still a considerable pay gap at lower-level tournaments.

The sport also drew criticism around the 2025 French Open when the majority of prime-time slots went to men’s matches.

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The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards.

Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping on their balance sheets. The rule emanated from a post-financial crisis effort to ensure the stability of the nation’s largest banks.

However, in recent years as bank reserves have built and concerns have grown over Treasury market liquidity, Wall Street executives and Fed officials have pushed to roll back the requirements. The regulations targeted treat all capital the same.

“This stark increase in the amount of relatively safe and low-risk assets on bank balance sheets over the past decade or so has resulted in the leverage ratio becoming more binding,” Fed Chair Jerome Powell said in a statement. “Based on this experience, it is prudent for us to reconsider our original approach.”

The Fed board put the proposal open for a 60-day public comment window.

In its draft form, the measure would call for reducing the top-tier capital big banks must hold by 1.4%, or some $13 billion, for holding companies. Subsidiaries would see a larger drop, of $210 billion, which would still be held by the parent bank. The standard applies the same rules to so-called globally systemic important banks as well as their subsidiaries.

The rule would lower capital requirements to range of 3.5% to 4.5% from the current 5%, with subsidiaries put in the same range from a previous level of 6%.

Current Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller released statements supporting the changes.

“The proposal will help to build resilience in U.S. Treasury markets, reducing the likelihood of market dysfunction and the need for the Federal Reserve to intervene in a future stress event,” Bowman stated. “We should be proactive in addressing the unintended consequences of bank regulation, including the bindingness of the eSLR, while ensuring the framework continues to promote safety, soundness, and financial stability.”

On the whole, the plan seeks to loosen up banks to take on more lower-risk inventory such as Treasurys, which are now treated essentially the same as high-yield bonds for capital purposes. Fed regulators essentially are looking for the capital requirements to serve as a safety net rather than a bind on activity.

However, Governors Adriana Kugler and Michael Barr, the former vice chair of supervision, said they would oppose the move.

“Even if some further Treasury market intermediation were to occur in normal times, this proposal is unlikely to help in times of stress,” Barr said in a separate statement. “In short, firms will likely use the proposal to distribute capital to shareholders and engage in the highest return activities available to them, rather than to meaningfully increase Treasury intermediation.”

The leverage ratio has come under criticism for essentially penalizing banks for holding Treasurys. Official documents released Wednesday say the new regulations align with so-called Basel standards, which set standards for banks globally.

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India has celebrated another step on its mission to become a space power, after Shubhanshu Shukla became the first astronaut from the country to blast off to the International Space Station (ISS) Wednesday.

Shukla was aboard the private Axiom Space Mission 4, or Ax-4, which lifted off from NASA’s Kennedy Space Center in Florida in the latest mission organized by the Texas-based startup in partnership with Elon Musk’s rocket venture SpaceX.

It is expected to dock in the space-facing port of the station’s Harmony module at 7 a.m. ET on Thursday.

The private mission includes decorated former NASA astronaut Peggy Whitson, as well as Sławosz Uznański-Wiśniewski of Poland and Tibor Kapu of Hungary – two other spaceflight novices who will become the first from their countries to visit the ISS.

Shukla, who is the mission’s pilot, and the others are expected to spend about two weeks aboard the ISS, helping to carry out roughly 60 experiments before returning home.

NASA and the Indian Space Research Organisation (ISRO) are collaborating on the mission, according to a statement from the US space agency.

India’s Prime Minister Narendra Modi said Shukla “carries with him the wishes, hopes and aspirations of 1.4 billion Indians” in a post on X.

“Wish him and other astronauts all the success!” he wrote.

Shukla is only the second Indian citizen to travel into space after Rakesh Sharma, who flew aboard a Soviet rocket in 1984.

Sharma wished the Ax-4 crew well.

“Wishing you all the very best. To the crew, godspeed,” he said in a video message posted online by the Press Trust of India.

“Spend as much time as possible looking out of the window.”

Shukla’s parents were seen getting emotional as they watched a livestream of the blast-off in the northern city of Lucknow.

“He’s the first person, the first Indian in the ISS. It is really a great moment for us Indians,” student Isma Tarikh told Reuters. “It is an inspiration for me… Even I want to become something great and be a world contributor just like (Shukla).”

Another student, Mohammad Hamughan, called it a “proud moment for Indians.”

He told Reuters: “It inspires me to become a space scientist. I have always loved to read about sci-fi and all of the stuff, but this is inspiring for us as a student.”

Shukla’s flight is seen as a precursor to India’s own Gaganyaan mission, the country’s first human space mission, set to take off in 2027.

Four Indian air force pilots selected for that mission have completed initial training in Russia and are undergoing further training in India, according to a May statement from the Indian government.

India’s space ambitions have accelerated under Modi, who was elected to a third term last June and has tried to assert India’s place on the global stage.

In January, it became only the fourth country to successfully achieve an unmanned docking in space.

In 2023, India joined an elite space club becoming the fourth country to land a spacecraft on the moon. The historic Chandrayaan-3 mission, the first to make a soft landing close to the moon’s unexplored South Pole, has collected samples that are helping scientists understand how the moon was formed and evolved over time.

The country has also set its sights on building its own space station by 2035, which will be called the Bharatiya Antariksha Station, and launching its first orbital mission to Venus in 2028.

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Iran’s defense minister has traveled to diplomatic and economic ally China on his first reported trip abroad since a 12-day clash with Israel that briefly dragged the US into a new regional conflict.

Aziz Nasirzadeh is one of nine defense ministers that Chinese state media say attended a gathering of the Shanghai Cooperation Organization (SCO), a China- and Russia-led regional security grouping that has grown in prominence as Beijing and Moscow look to build alternative international blocs to those backed by the United States.

The two-day gathering began Wednesday in the Chinese coastal city of Qingdao, a day after a ceasefire between Iran and Israel quelled what had been days of aerial assaults between the two, punctuated by a US strike on three Iranian nuclear facilities.

The SCO gathering coincided with a meeting of NATO leaders at The Hague, where US President Donald Trump said the US would meet with Iran “next week” about a potential nuclear agreement.

Beijing’s gathering, part of events for its rotating SCO chairmanship, spotlighted China’s role as a key international player, even as it remained largely on the sidelines of the Israel-Iran conflict – and the importance Tehran places on its relationship with Beijing.

Chinese Defense Minister Dong Jun did not directly address the conflict in remarks to gathering nations Wednesday, as reported by Chinese state media, but aimed to position China as a country with an alternative vision for global security.

“Unilateralism and protectionism are surging, while hegemonic, high-handed, and bullying acts severely undermine the international order, making these practices the biggest sources of chaos and harm,” Dong said, employing language typically used by Beijing to criticize the US.

The Chinese defense chief called for SCO countries – which, in addition to China and Russia, include India, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Belarus – to enhance coordination and “defend international fairness and justice” and “uphold global strategic stability.”

Attending countries “expressed a strong willingness to consolidate and develop military collaboration,” according to China’s official news agency Xinhua.

Iran’s Nasirzadeh “expressed gratitude to China for its understanding and support of Iran’s legitimate stance,” Xinhua also reported.

The minister “hopes that China will continue to uphold justice and play an even greater role in maintaining the current ceasefire and easing regional tensions,” he was quoted as saying.

Chinese officials have condemned Israel’s unprecedented June 13 attack on Iran, which took out top military leaders and sparked the recent conflict, as well as the subsequent US bombing. It’s also backed a ceasefire and criticized Washington’s foray into the conflict as a “heavy blow to the international nuclear non-proliferation regime.”

A key diplomatic and economic backer of Iran, Beijing has moved to further deepen collaboration in recent years, including holding joint naval drills. Chinese officials have long voiced opposition to US sanctions on Iran and criticized the US withdrawal from the 2015 Iran nuclear deal.

In recent days, China has appeared unwilling to become further entangled in the conflict past its diplomatic efforts, analysts say, instead using the situation as another opportunity to paint itself as a responsible global player and the US as a force for instability.

Founded in 2001 by China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan to combat terrorism and promote border security, the SCO has grown in recent years in line with Beijing and Moscow’s shared ambition to push back against a US alliance system they see as suppressing them.

While not an alliance, the group says it aims to “make joint efforts to maintain and ensure peace, security and stability in the region.”

The SCO has long been seen as limited, however, by overlapping interests and frictions between members, including Pakistan and India, which earlier this year engaged in a violent conflict, as well as China and India, which have longstanding border tensions.

Indian Defense Minister Rajnath Singh also attended the Qingdao meeting, the first visit from an Indian defense chief to China since a deadly 2020 border clash between the two countries.

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Dara Ojo was once afraid of spiders, particularly the biting, venomous kind. How times have changed. Not only is the photographer willing to get up very close and personal with arachnids of all stripes, he’s passionately conserving insects through this work.

Ojo, 34, is a master of macrophotography — extreme close-up shots, in this case of wildlife — showing tiny critters in all their odd, beautiful glory.

For the photographer, who describes himself as a conservation storyteller, it is about “shining the light on these tiny little details that people just walk past because they’re small.”

Born in Lagos, Nigeria, and now living in Canada, Ojo’s first encounter with photography was using his father’s Nikon camera as a child. He photographed birds, snakes, frogs and other creatures. Much later, he was teaching English in China when the Covid-19 pandemic struck and began photographing insects as a remedy to the boredom of lockdown.

But there was another purpose too: amid the deluge of photographs of different animals he saw online, Ojo noticed relatively little high-profile work of nature’s smallest creations. He wanted to fill this gap, “and also create some positive publicity for insects.”

Eyes like speakers, posterior like pagodas

Ojo first learned how to shoot macrophotography from YouTube tutorials and took a course called “Bugs 101: Insect-Human Interactions” at the University of Alberta, Canada. In 2020 he created his first macro image, of a dragonfly. Two years later, his photos of a white-striped longhorn beetle taken in China went viral.

The beetle is typically 20-40 mm long, but Ojo’s image of the insect makes it feel human-size, with an intimidating yet intriguing poise. Its eyes look like speakers, and details invisible to the naked eye, like its microscopic facial hairs, are on full display.

His work has circulated the internet, with some Instagram posts hitting almost a million views. It has also caught the attention of the UN Deputy Secretary-General, Amina J. Mohammed who shared some of them on X, to mark the 2025 World Biodiversity Day.

But the recognition brings certain pressures. “Now that eyes are on me, globally, I have to keep the bar higher than the last, each time I shoot. Also, as a black person, I feel like a role model, giving a voice as people of color who are not usually seen in this kind of field. I therefore can’t stay comfortable,” he says.

Some other striking images are of the primrose moth, with distinct vivid pink and yellow coloring; a spiny-backed orb weaver spider with a pagoda-like posterior; a katydid — a type of cricket — with a face akin to a church dome; and a wolf spider eating a frog.

Ojo says, “I’m in awe of them when I am shooting. I see in them how God is a perfect designer, and the need for us to protect them.”

He has photographed more than 40 types of spiders, 50 moths and 30 butterflies species, over 20 dragonflies and at least 70 damselflies. Among all the fauna he’s photographed, the state of bees worries him the most. “Bees are rare and really endangered even though they are essential to our existence because of their pollination.” Ojo says.

Now, his work is being featured in “Insect Apocalypse,” the first episode of the documentary “Bugs that Rule the World,” which is being shown in the US and Canada. The four-part series focuses on the decline of insects and how this is detrimental to the ecosystem and to human existence, and includes photographs Ojo took in Costa Rica.

Ojo is working to release the first coffee table book of his works in 2026, and plans to add three more in the next five years.

Yet photography is not Ojo’s full-time occupation. He works as a data analyst at the University of Alberta, and has an MBA in information technology from Edge Hill University in Ormskirk, United Kingdom.

His tech background, he says, gives him an edge with processing the pictures, which are best taken at night and early morning when insects are asleep or resting, he explains. He captures multiple photographs at different depths of field and combines them using stacking software so the whole insect is in pin-sharp focus. Since the images are shot without alterations, he then digitally edits them, mainly to enhance colors.

Though he occasionally sells prints of his photography, his advocacy for his subjects is his main motive, Ojo says. Insect populations around the world are in peril. Among his once-feared spiders, for example, scores are categorized as critically endangered.

“The primary goal is to use my images to reveal the beauty of insects and other small creatures,” he says. First he draws people in, then shares a conservation message, then, hopefully, people will take action, Ojo explains.

“When people are blown away by the pictures, they are curious and develop empathy to conserve them.”

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Ukrainian President Volodymyr Zelensky has signed an agreement with the Council of Europe (CoE) to create a tribunal that would allow for the prosecution of senior Russian officials who have led the war on Ukraine.

Zelensky signed the accord on Wednesday alongside CoE Secretary General Alain Berset in the French city of Strasbourg, where the organization is headquartered.

The Ukrainian leader has portrayed the special tribunal as paramount to holding Russian officials responsible for the full-scale invasion of his country, which began in February 2022 and has grinded on for more than three years, with a huge human cost.

The establishment of the tribunal is aimed at widening the net for those who can be tried over the conflict. The International Criminal Court (ICC), which focuses on crimes against humanity, has already issued arrest warrants for Russian President Vladimir Putin and several other high-profile political and military Russian figures.

The new body will deal with the crime of aggression, specifically regarding the use of armed force by one state against another. It marks the first time that the CoE has set up such a tribunal.

“The Tribunal, formally launched today, creates a real opportunity to hold the leadership of the Russian regime accountable for the crimes committed against our state and our people,” the Ukrainian president wrote on X.

“We will continue working to ensure justice for all victims. Criminals must face trial in The Hague and be punished.”

Berset said: “This historic signature reminds us that international law must apply to all – with no exceptions, and with no double standards.”

Alongside Putin, the ICC, based in The Hague, issued an arrest warrant for Maria Lvova-Belova, Russia’s presidential commissioner for children’s rights, in March 2023. Both are accused of the illegal deportation and transfer of children from occupied areas of Ukraine to Russia.

In March 2024, the court also issued arrest warrants for Viktor Sokolov, a Russian navy officer and former commander of the Black Sea Fleet, and Sergei Kobylash, a lLieutenant general in the Russian Armed Forces. The two are accused of the war crime of causing excessive incidental harm to civilians and the crime against humanity of inhumane acts.

Meanwhile, ceasefire negotiations to end the war in Ukraine have mostly stalled despite mediation from the Trump administration.

The talks between Russia, Ukraine and third countries have struggled to make progress after Moscow refused to back off its maximalist demands and presented a ceasefire proposal that would essentially amount to Ukraine’s capitulation.

At the same time, Russia keeps ramping up its attacks against Ukrainian cities. Russian forces killed dozens of Ukrainian civilians in less than 48 hours on Monday and Tuesday, according to Ukrainian officials, two of the deadliest days in many months.

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